sertexity.com

Sertexity crypto "arbitrage" post has touched a nerve I have had a mantra that I frequently post in comments to other posts on r/CryptoScams, namely: >The name of the alleged scam doesn't matter nearly as much as the characteristics and behavior of the scam. This is because the same scams often go by many different and ever-changing names, and so to try to flag each one by name is often a fool's errand and a task that does not scale well. But occasionally there are exceptions, such as **now**. **Sertexity** is a recently created and aggressively touted crypto exchange site (URL [https://sertexity.com/](https://sertexity.com/)) that makes multiple amazing, even unbelievable (*truly* unbelievable) claims, including: * That they use AI bots and "proprietary algorithms" that allow individual investors to profit from crypto arbitrage -- to profit by "exploiting the price differences across different crypto exchanges." * That they have been "approved" by the SEC: "We operate under Rule 506 of Regulation D, which authorizes us to act as a registered cryptocurrency financial services provider and to attract private investments." * That have had historic returns of *0.4 to 0.6% per cycle*. * That losses, while possible, are "*unlikely due to advanced risk management systems*." # So, why am I, an r/CryptoScams moderator getting involved? A post was made about this exchange 10 days ago, [SERTEXITY Scam Warnings Are Growing – Here’s Why](https://www.reddit.com/r/CryptoScams/comments/1tjixq6/sertexity_scam_warnings_are_growing_heres_why/), that made accusations that suggested that all might not be as rosy as the site's claims made them out to be, that the site may be, in fact, a scam. I also posted a [comment to that post](https://www.reddit.com/r/CryptoScams/comments/1tjixq6/comment/oncl1jz/), verifying the information as I knew it at the time. This post and several comments to it have been receiving more moderator attention than I've seen a post receive in a long time,